HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0353%/8h= +38.6% APRnext payment +$0.44 per $10,000 · paid last 24h +0.039%

Price spread now: Injective against Aftermath Perps−0.063%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.063% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$11 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	93.398	−0.0068	get 0.0009% / 1h	58m 20s	$22K	$22K	10x
Short	Injective HYPE/USDC PERP	93.340	0.0285	get 0.0036% / 1h	58m 20s	$30K	$231K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aftermath Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee InjectivebpOrdersPrice spread, now −0.063%Rate

Funding earned: $74.08
Price spread: −0.063% → 0.000%: −$6.26
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $58.79
Costs to cover: 0.090%
Break-even: 1.4 days

Slippage unknown: Aftermath Perps: no order-book sample; Injective: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aftermath Perps no order-book sample	—	—	—	—	—
Sell Injective live order book, 30 min ago	36.79 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1368%	1h	93.352	−0.050%	$197K	$240K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0154%	1h	93.290	−0.116%	$700K	$952K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	93.310	−0.095%	$89K	$342K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.371	−0.029%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSDlong	−0.0068%	1h	93.398	long leg	$22K	$22K	10x
Popdex HYPEUSDT	−0.0008%	1h	93.301	−0.104%	$56K	$1.2M	50x	as long as short
Bullet HYPE-USD	−0.0006%	1h	93.292	−0.114%	$112K	$583K	20x	as long as short
Gate HYPE_USDT	−0.0006%	4h	93.295	−0.111%	$44.1M	$56.0M	75x	as long as short
SoDEX HYPE-USD	−0.0003%	1h	93.247	−0.162%	$2.0M	$2.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.425	+0.028%	$127K	$33K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXHYPEPERP	0.0000%	8h	93.452	+0.057%	$1.9M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.356	−0.045%	$24K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.311	−0.094%	$20K	—	150x	as long as short
Aster HYPEUSDT	+0.0008%	4h	93.305	−0.100%	$8.9M	$36.6M	300x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	93.252	−0.157%	$325.0M	$289.4M	75x	as long as short
Bluefin HYPE-PERP	+0.0057%	1h	93.273	−0.134%	$76K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0058%	1h	93.225	−0.186%	$16.4M	$7.1M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0078%	4h	93.298	−0.108%	$180K	$537K	20x	as long as short
Phoenix HYPE	+0.0094%	1h	93.444	+0.049%	$216K	$1.1M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.315	−0.089%	$18.6M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.281	−0.126%	$3.1M	$12.3M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.360	−0.041%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.332	−0.072%	$6.0M	$44.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.367	−0.034%	$2.03B	$673.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.360	−0.041%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.262	−0.146%	$386.0M	$893.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.241	−0.169%	$114.6M	$317.3M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.320	−0.084%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.386	−0.013%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.299	−0.107%	$92.4M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.308	−0.097%	$46.3M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.262	−0.146%	$226.6M	$103.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.277	−0.130%	—	$54.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.395	−0.004%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.466	+0.073%	$28.9M	$50.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.411	+0.013%	$7.5M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.411	+0.013%	$406K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.419	+0.022%	$675K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.365	−0.036%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.330	−0.073%	$503K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.337	−0.066%	$32K	$1.6M	20x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.290	−0.116%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0101%	8h	93.361	−0.040%	$339K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.236	−0.174%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.282	−0.124%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	93.404	+0.006%	$5.1M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.380	−0.020%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0244%	1h	93.293	−0.113%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERPshort	+0.0285%	1h	93.340	−0.063%	$30K	$231K	12x
Deribit HYPE_USDC-PERPETUAL	+0.0286%	1h	93.359	−0.042%	$7.4M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0165%	1h	93.317	−0.088%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.363	−0.038%	$17.2M	$12.7M	75x	as long as short
HTX HYPE-USDT	+0.0441%	4h	93.450	+0.055%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.370	−0.031%	$2.7M	$6.9M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.388	−0.012%	$18.7M	$24.8M	50x	as long as short